Result list 1 April 2017

The results of our April sale will be available here on April 2.

Lotnumber: 325
AUSTRIA. WIEN/ST. PÖLTEN. Kux-Schein, unissued. olive, black. #128. Some edge-damage at upper border (but above printed part and repaired). Founded in 1854 by Carl Barth from Zwettl. Its goal consisted of exploring for brown iron ore and smelting it in blast-furnaces. Apart from his business partner Wilhelm Reuss aus Zilling, he could rely on about 90 workers. Expectations were high but unfortunately not met as from the very beginning the company encountered various disasters. During the first year, the mine was hit by high tide and production was limited to only 34tons. Moreover, the iron content amounted to only 12-15%, far too low to be smelted. As imports were too expensive, the furnace was too often idle. The company also suffered from a price decline following the German-Austrian war in 1866 and competition of modern and more favorably located furnaces. Finally, the company was liquidated in 1871 and its furnace was transferred to another company. Especially the surface mining of the Neusiedler Revies had some varying success and it survived until short after the end of the 19th century. Later research reconfirmed the low level of ore in Voitsau, Dankholze and Koppenh. What is left is a truly magnificent share certificate, with plenty of vignettes - see picture. Less than 5 pieces, all unissued, have been seen over the years.Rarity 10.
Themes: METAL & ENGINEERING, MINES (no gold, silver, coal)
AUSTRO-HUNGARIAN EMPIRE
Date: 1879
Quality: VF
Startprice: € 2000